If you are planning to open an offline retail store or you are poised to be an online retail merchant, sourcing your products should be your first concern. You must look for a provider of wholesale merchandise that can give you the best deals to give you a better profit margin. You can consider the following in searching for a good source of goods.
Seek out the manufacturer of the product you want to sell. These manufacturers are open to entertaining anyone who can help them sell their products. Although there are some that do not sell in small quantities and prefer buyers buying in large volumes, they can have a minimum order that they can give you for a certain price. Getting the products directly from the manufacturers will eliminate middlemen so for sure prices will be lower. If they do not sell directly to retailers, you can ask for the contact numbers of their distributors.
You must also search for the importers. Because of the advancement in the transport of goods globally, it is now very easy to import and export goods to other places. You can directly buy your products from an importer or a foreign company. If you will seek this type of supplier, you must be aware in accounting for the shipping regulations, paper works, and the costs that are involved with all of these.
Distributors usually sell a classification of a product. They sell a wide variety of goods that belongs to a certain classification. Their prices may be a bit higher compared to manufacturers since they are the ones who deliver the goods directly to your location and they also earn profits from these. However, with a distributor, you can actually buy in small quantities.
Wholesalers, liquidators, and closeout businesses can also be a good source of goods. If you are looking for wholesale priced goods, you can run to merchandise wholesalers that sell lots of different products instead of just a single type. You could also look for closeouts, returns, or even slightly damaged goods from liquidators if you wish to buy some products even lower than their costs.
The auctions are good places to source your products. You can locate some good deals using auctions sites like eBay and Amazon. Take a view at the wholesale category and you will see that there are lots to choose from. Make sure that you have the ability to buy effectively, though.